[YouTube] Building Antifragile Systems: Nassim Nicholas Taleb on Debt, AI, and the New Global Order

At Visa GCC Connect 2025, bestselling author of The Black Swan and Antifragile, Nassim Nicholas Taleb, issued a stark warning: the real fragilities aren’t hidden, they’re in plain sight. From soaring Western debt to AI disrupting white-collar professions, Taleb argues that global power is shifting back to the East, with China and Africa on the rise. His advice: systems cannot be engineered top-down. True resilience comes from entrepreneurs, risk-takers, and bottom-up innovation. Speaking at Visa GCC Connect 2025, Milan, Italy.

[YouTube] Nassim Taleb on Risks, Gold, Private Markets, Trump Tariffs

Nassim Taleb, author of “The Black Swan,” and scientific advisor at Universa Investments, says he doesn’t think the “consciousness of risks” has improved over the last 25 years. He discusses the increasing US deficit, gold as a reserve currency, the opacity of private markets, and why the Trump administration’s approach to tariffs “makes no sense.”

00:00 – Taleb on “consciousness of risks”
02:12 – What drives markets
04:23 – Taleb on the US dollar and gold as a reserve currency
07:18 – Nassim Taleb on hedge funds and the opacity of private markets
09:33 – Trump administration’s tariff approach “makes no sense,” Nassim Taleb says